India FPGA Market (2023-2029) | Revenue, Share, Industry, Growth, Analysis, Size, Trends, Value, Forecast, COVID-19 IMPACT & Companies

India FPGA Market Synopsis

In the last decade, India FPGA market experienced steady growth, however, in 2020, the market faced a slowdown phase due to supply chain disruption in the economy, rendering demand unfulfilled. By 2021, the market rebounded, surpassing pre-pandemic levels as restrictions were eased. In 2021, a surge in FPGA market revenues was propelled by the release of pent-up demand within the economy, complemented by a slight resurgence in the global supply chain. In 2020, the Central Government increased the outlay for Digital India to USD 477 million, aiming to boost AI, IoT, Big Data, Cybersecurity, Machine Learning, and Robotics, thereby promoting electric and IT hardware manufacturing in the country. These technological advancements, against the backdrop of increased digitization accelerated by the pandemic, had bolstered demand for FPGAs in the country.

According to 6Wresearch, India FPGA Market size is anticipated to grow at a CAGR of 14.9% during 2023-2029. The India FPGA market is expected to witness significant demand in the forecast period on the back of government initiatives like Make in India, Production Linked Incentive, and FAME strategically designed to promote local manufacturing and boost production across various sectors, including automotive and telecommunications. Moreover, the accelerated growth in digital infrastructure, the burgeoning industry 4.0 startup ecosystem, and the emphasis on electronic manufacturing further underlines the imperative for FPGA technology. Furthermore, India's rapid strides in the digital landscape, marked by the advent of 5G technology, widespread smartphone and internet penetration, unified payment interfaces, and other pivotal advancements, are poised to significantly contribute to the expansion of the country's digital ecosystem. This, in turn, is expected to drive substantial demand for IT/ICT devices and facilitate the proliferation of data centres in the digital economy. In essence, these multifaceted developments are set to play a pivotal role in propelling the growth of the FPGA market in India.

Market Segmentation by Configuration

The High-End FPGA would dominate the India FPGA industry owing to the increasing demand for FPGAs with higher processing power, larger logic capacities, and enhanced capabilities. However, Mid-Range FPGAs would have a high growth rate due to their wide range of applications while being more affordable than high-end FPGAs.

Market Segmentation by Technology

In 2022, SRAM technology FPGAs led in revenue share in India, due to their quick reprogramming capability and widespread use in critical sectors like Telecommunication and data centres. Notably, investment worth Rs. 1400 Crore by Web Werks and Iron Mountain Data Centres in manufacturing large data centres in Navi Mumbai indicates the sector’s growth. This expansion is set to boost the demand for FPGAs in India's data centre sector.

Market Segmentation by Node Size

In 2022, the 20-90nm node category dominated the revenue share primarily as this range of node sizes enables the manufacturing of FPGAs with enhanced performance and energy efficiency. In response to the growing demand for advanced and power-efficient solutions in various industries such as Automobile and Data Centers across India, FPGAs within the 20-90nm range presented a beneficial equilibrium between heightened performance and reduced power consumption.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years of Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India FPGA Market Overview
• India FPGA Market Outlook
• India FPGA Market Forecast
• Historical Data and Forecast of India FPGA Market Revenues for the Period 2019-2019F
• Historical Data and Forecast of India FPGA Market Revenues By Configuration, for the Period 2019-2029F
• Historical Data and Forecast of India FPGA Market Revenues By Technology, for the Period 2019-2029F
• Historical Data and Forecast of India FPGA Market Revenues By Node Size, for the Period 2019-2029F
• FPGA Market – Trends & Evolution
• Market Drivers and Restraints
• India FPGA Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India FPGA Market Revenue Share, By Companies
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Configuration

• Low-End FPGA
• Mid-Range FPGA
• High-End FPGA

By Technology

• SRAM
• Flash
• Antifuse

By Node Size

• <16 NM
• 20-90 NM
• >90 NM